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  • Listed by: Westlake Associates, Inc.
    $7,500,000

    15700 NE Bel-Red Road, Bellevue, WA 98008

    --beds
    --baths
    0.56Acres
    Unimproved Land
    Built in ----
    0.56 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    15700 Bel-Red Road offers a rare chance to acquire a strategically located development site in Bellevue’s rapidly transforming Bel-Red Corridor—literally steps from Microsoft’s Overlake Campus. Approximately 24,477 square foot Flat Lot, recently upzoned to NMU (Neighborhood Mixed-Use), the property now supports mid-rise, mixed-use development up to 110 feet height limit, positioning it perfectly for a high-density multifamily project backed by exceptional demographics, robust job growth, and immediate access to major transit investments including the Overlake Light Rail Station. Existing improvements include a 6,291 SF medical/dental office building, providing an opportunity for an owner-user or interim income generation prior to redevelopment. Potential to build approximately 130 units (Buyer to Verify). First time on the market in over 30 Years.
    63 days
    |
    42
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Chad Michael Martini,

    Westlake Associates, Inc.,

    David W Petersen,

    Westlake Associates, Inc.

    Source: NWMLS as distributed by MLS GRID,MLS#: 2511306MLS Logo

      Facts & features

      Interior

      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 0

      Property

      Lot
      • Size: 0.56 Acres
      • Features: Curbs, Paved, Sidewalk, Evergreens
      • Topography: Level
      Details
      • Parcel number: 0673100089
      • Zoning: NMU
      • Zoning description: Commercial,Multi-Family,See Remarks,Jurisdiction: City
      • Special conditions: Standard

      Utilities & green energy

      • Electric: On Property
      • Gas: In Street
      • Sewer: Available
      • Water: Available, In Street, On Property
      • Utilities for property: Electricity Connected, Natural Gas Available

      Community & HOA

      Community
      • Subdivision: Overlake
      Location
      • Region: Bellevue

      Financial & listing details

      • Annual tax amount: $17,520
      • Date on market: 4/21/2026
      • Cumulative days on market: 64 days
      • Listing terms: Conventional
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/22/2026Listed for sale$7,500,000
        Source: NWMLS as distributed by MLS GRID #2511306 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Interlake

        Getting around

        73 / 100
        Very Walkable
        53 / 100
        Good Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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